MAY 8, 2025 — 325 EMPLOYEES
Match Group, the parent company of dating apps including Tinder, Hinge, and OKCupid, has announced a 13% reduction in its workforce, impacting 325 employees.
CEO Spencer Rascoff…
“In my first full quarter as CEO, we’ve moved quickly to reinvigorate the business and this quarter’s results show early traction,” said Spencer Rascoff, CEO of Match Group. “In just a few months, we’ve unlocked significant cross-company synergies, reorganized our largest business unit, accelerated product development, and brought greater focus and discipline to how we work. The organization is moving faster, aligned on sharper priorities, and beginning to deliver against the strategy we’ve put in place.”
Match Group announced a reorganization aimed at creating a more integrated, product-led company focused on accelerating innovation, improving execution, and delivering better outcomes for users. This shift supports Match Group’s commitment to leading the future of meaningful connection – one that’s more authentic, lower-pressure, and aligned with how people, especially Gen Z, choose to connect today.
Through these changes, Match Group is becoming a flatter, more nimble organization – with fewer layers, more empowered teams, and a clearer line of sight to execution. The company announced a planned 13% workforce reduction and centralized key functions – including select technology & data services, customer care and content moderation, media buying, and international go-to-market functions – to reduce duplication and unlock scale. These decisions reinforce a broader commitment to focus, speed, and long-term growth, positioning Match Group to deliver more impact with greater efficiency across its multi-brand portfolio.
“Match Group is the clear global leader in creating meaningful connections, and today’s changes will allow us to realize the full benefits of our scale. We are breaking down business silos, improving company-wide communication and collaboration, and unleashing efficiencies and innovation. The ultimate beneficiaries of these changes will be the tens of millions of users who rely on our apps to spark meaningful connections,” said Rascoff. “This is a critical first step toward improving user outcomes, which over time drives user growth, revenue expansion, and long-term shareholder value.”
AUGUST 21, 2024 — Original post…
Dallas, Texas-based Match Group, an American internet and technology company that owns and operates a portfolio of popular online dating services, including Tinder, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, and other dating global brands, has announced plans to discontinue live-streaming services on its dating apps, and a 6% reduction in its workforce at the urging of activist investors, including Elliott Investment Management, Anson Funds Management and Starboard Value.
The reduction in force will impact approximately 138 employees.
According to a company statement, "We’re constantly optimizing our strategy and investment decisions to ensure they align with evolving user needs and preferences. As part of that approach, we’ve made the decision to exit live streaming services in our dating apps including Plenty of Fish®, and to sunset
Hyperconnect’s Hakuna app provides live streaming services primarily in Korea and Japan. These businesses lack scale in a competitive market and require substantial further investment, and we expect they will deliver margins below the Company’s desired level.
While this decision will result in the loss of approximately $60 million of annual Total Revenue, we’re confident it will be margin and growth-enhancing to the Company over the medium term and will allow us to focus on our businesses where we have proven advantages. We expect that exiting these live-streaming services, along with other ongoing initiatives across the portfolio, will result in total workforce reductions of approximately 6% globally, which we expect to result in annual cost savings of approximately $13 million in addition to our previously disclosed expected cost savings from platform consolidation."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?
